Layoffs Hit XO | Telecom Ramblings

Layoffs - Southern California Tech.

Tellabs (Nasdaq: TLAB) continued to face revenue challenges in Q4 2011 as revenue declined on a year-over-year basis to $317 million from $410 million in Q4 2010 But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times.As one might have anticipated following Icahn's final takeover and the appointment of CFO Laura Thomas as interim CEO, the company is now cutting expenses.